Investors are a little more bullish on the company if you evaluate the decrease in short interest. The stock experienced a fall in short interest from September 29, 2017 to October 13, 2017 of -25.56%. Short interest fell from 12,539 to 9,334 over that period.
Additionally, here are a few investment firms who have increased or decreased their stake in (AKP). Advisors Asset Management, Inc. downsized its holdings by selling 13,642 shares a decrease of 3.3% as of 06/30/2017. Advisors Asset Management, Inc. currently owns 403,796 shares valued at $5,532,000. The value of the position overall is down by 0.4%. As of the end of the quarter Fiera Capital Corp had sold 65,032 shares trimming its position 64.4%. The value in dollars decreased from $1,343,000 to $492,000 decreasing 63.4% since the last quarter.
Ubs Group Ag added to its ownership by buying 14,811 shares an increase of 18.3%. Ubs Group Ag now holds 95,943 shares with a value of $1,314,000. The total value of its holdings increased 21.8%. As of quarter end Deschutes Portfolio Strategy, LLC had acquired a total of 31,882 shares growing its holdings by 45.8%. The value of the investment in (AKP) went from $954,000 to $1,402,000 a change of 47.0% quarter to quarter.
The company is now down since yesterday’s close of $13.72. Shares last traded at $13.72 a tad under $13.84, the stock’s 50 day moving average and which is a tad under the 200 day moving average of $13.76. The 50 day moving average was down $-0.12 or -0.89% and the 200 day average went down by -0.27%.
Alliance California Municipal Income Fund, Inc. (the Fund) is a diversified closed-end management investment company. The Fund seeks to provide high current income exempt from regular federal and California income tax by investing substantially all or at least 80% of its net assets in municipal securities that are exempt from regular federal and California income taxes. Alliance California Municipal Income Fund, Inc.’s investment advisor is AllianceBernstein, L.P., formerly known as Alliance Capital Management L.P..